CHA Concha

TIDMCHA

RNS Number : 0450A

Concha plc

14 March 2013

14 March 2013

Concha plc

("Concha" or the "Company")

Loan extension with Churchill Media Limited

Concha plc, the AIM listed investment vehicle, announces that it has agreed an extension of its existing loan facility of GBP750,000 ("the Loan") with Churchill Media Limited ("CML") through until 30th September 2013 by entering into a new loan agreement at today's date to reflect the revised terms. The Loan is repayable on demand, bears interest at 6% above LIBOR and is secured against the assets of CML. CML has investments in a number of TMT and media businesses. The directors consider that the Loan provides Concha with a good return on its capital whilst they review further investment opportunities.

Following the announcement on 12 March 2013 of the proposed acquisition of an interest in Moshen Limited, Concha is continuing to pursue further potential investments in line with its investing policy and looks forward to making further announcements in the coming weeks.

Enquiries:

 
 Concha plc 
  Chris Akers                                   07767 775 888 
 Strand Hanson Limited (Nominated Adviser 
  and Joint Broker) 
  James Harris 
  Andrew Emmott                                 020 7409 3494 
 PeterHouse Corporate Finance (Joint Broker) 
  Jon Levinson 
  Lucy Williams                                 020 7926 0935 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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